There is nothing new about the movement of the pound sterling against the dollar, as it continues its bearish movement and managed to break the 1.2190 support level, then returned to test it as a resistance level for the moment of writing this report. Therefore, the bearish scenario will continue, …
The EUR/USD pair continues its bearish movement after it broke the support level 1.0475 and settled below it. Therefore, it opens the way to complete the bearish scenario, which we talked about in the previous report, with the aim of reaching the support level 1.0340 and trying to break through …
The general trend is ascendant. The descendant wave structure has finished breaching the inclined channel. The “start fractal” formed above 135 EMA. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 1.1097 is breached.
Stop-loss: 1.1044.
Target level: 1.1162.
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